Proton Power Systems PLC Issue of Equity (7809L)
July 09 2014 - 2:00AM
UK Regulatory
TIDMPPS
RNS Number : 7809L
Proton Power Systems PLC
09 July 2014
9 July 2014
Proton Power Systems plc
("Proton Power" or the "Company")
Issue of equity
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems,
announces that it has issued 169,972 ordinary shares of 1 pence
each in the Company (the "New Ordinary Shares") to PSO Consult in
lieu of fees.
An application has been made for the New Ordinary Shares to be
admitted to trading on AIM which is expected to take effect on or
around 15 July 2014 ("Admission").
Following Admission the Company's issued share capital will
comprise 640,977,071 ordinary shares of 1 pence each in the Company
("Ordinary Shares"). The Company does not hold any Ordinary Shares
in treasury. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure and Transparency
Rules.
- Ends -
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Achim Loecher, FD Tel: +49 (0) 89 127
626 550
www.protonpowersystems.com
Westhouse Securities Limited
Nominated adviser and broker Tel: +44 (0) 20 7601
6100
Antonio Bossi www.westhousesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in industrial fuel cells, fuel cell
and hybrid systems with more than 17 years of experience in this
sector. Based in Puchheim near Munich, Proton Motor offers complete
fuel cell and hybrid systems from a single source - from the
development and production through the implementation of customized
solutions. The focus of Proton Motor is on back-to-base, for
example, for mobile, marine and stationary solutions applications.
The product portfolio consists of base-fuel cell systems, standard
complete systems, as well as customized systems.
Proton Motor acquired SPower GmbH in 2013. Established in 2007,
SPower serves IT, Telecoms, public infrastructure and healthcare
customers in Germany, Europe and Middle East with power supply
solutions for DC and AC power demand. In addition to power supply,
SPower also offers solutions for Solar Systems as well as a new
product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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